GP Waived Fee Distribution Sample Clauses

GP Waived Fee Distribution. Notwithstanding anything in this Agreement to the contrary and prior to any other distribution pursuant to this Section 7.1.3, the General Partner shall be entitled to receive (i) cash distributions in such amount as would cause the cumulative amount of distributions made pursuant to this clause (i) to equal the cumulative amount of profits allocated to the General Partner pursuant to Section 7.2.1(a) of this Agreement and (ii) cash distributions in such amount as would cause the Waived Fee Surplus to be reduced to zero. Any distribution pursuant to clause (ii) of the preceding sentence shall be treated as an advance of, and shall be offset against, distributions which the General Partner is entitled to receive pursuant to clause (i) of the preceding sentence. If, through the time of the final distribution of the assets of the Partnership among the Partners as provided in Section 13.2 of this Agreement, the aggregate amount of distributions received by the General Partner pursuant to clause (ii) of the second preceding sentence exceeds the aggregate amount of such distributions which have been applied as an offset against distributions which the General Partner is entitled to receive pursuant to clause (i) of the second preceding sentence, the General Partner shall make a capital contribution to the Partnership equal to such excess amount, and such amount shall be distributed to the Partners pursuant to Section 13.2 of this Agreement. The General Partner shall be obligated to restore a deficit in its Capital Account upon liquidation of the Partnership only to the extent that its obligations under the preceding sentence correspond to such deficit, provided, however, that the preceding clause of this sentence shall not affect the General Partner’s obligations under Section 13.3 of this Agreement, and provided, further, that the General Partner’s restoration obligation under the preceding sentence shall be applied before Section 13.3 of this Agreement is applied. Distributions made pursuant to this Section 7.1.3(f) shall be treated, first, as distributions pursuant to clause (i) of the first sentence of this Section 7.1.3(f) to the extent of amounts distributable thereunder at such time, and thereafter as distributions pursuant to clause (ii) of such sentence.
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Related to GP Waived Fee Distribution

  • Primary Distribution Discount Notes shall be issued and settled through the Fed Book-Entry System in same-day funds and shall be held by designated Fed Participants. After initial issue, all Discount Notes shall continue to be held by such Fed Participants in the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Fed Participants. Discount Notes shall not be exchangeable for definitive Discount Notes.

  • Repayment of Qualified Birth or Adoption Distribution If you have taken a qualified birth or adoption distribution, you may generally repay all or a portion of the aggregate amount of such distribution to an IRA, as permitted by the IRS. For further information, you may wish to obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), by visiting xxx.xxx.xxx on the Internet.

  • Overtime Distribution The Employer and the Union will discuss Departmental or agency specific overtime distribution policies at the Departmental or agency level. The Employer agrees to follow its existing overtime distribution policies until changed as a result of Employer/Union negotiation.

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • When Must Distributions from a Traditional IRA Begin You must begin receiving the assets in your account no later than April 1 following the calendar year in which you reach RMD age.

  • Distribution of Agreement The Employer agrees to make available to each employee a copy of this Agreement and to provide a copy of the same Agreement to all new employees entering the employment of the Employer.

  • Qualified HSA Funding Distribution If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free HSA funding distribution from your IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of high deductible health plan coverage (i.e., single or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. For further detailed information, you may wish to obtain IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

  • Unbundled Sub-Loop Distribution Intrabuilding Network Cable (USLD-INC) is the distribution facility owned or controlled by BellSouth inside a building or between buildings on the same property that is not separated by a public street or road. USLD-INC includes the facility from the cross connect device in the building equipment room up to and including the point of demarcation at the End User’s premises.

  • How Are Distributions From a Traditional IRA Taxed for Federal Income Tax Purposes Amounts distributed to you are generally includable in your gross income in the taxable year you receive them and are taxable as ordinary income. To the extent, however, that any part of a distribution constitutes a return of your nondeductible contributions, it will not be included in your income. The amount of any distribution excludable from income is the portion that bears the same ratio as your aggregate non-deductible contributions bear to the balance of your Traditional IRA at the end of the year (calculated after adding back distributions during the year). For this purpose, all of your Traditional IRAs are treated as a single Traditional IRA. Furthermore, all distributions from a Traditional IRA during a taxable year are to be treated as one distribution. The aggregate amount of distributions excludable from income for all years cannot exceed the aggregate non-deductible contributions for all calendar years. You must elect the withholding treatment of your distribution, as described in paragraph 22 below. No distribution to you or anyone else from a Traditional IRA can qualify for capital gains treatment under the federal income tax laws. Similarly, you are not entitled to the special five- or ten-year averaging rule for lump-sum distributions that may be available to persons receiving distributions from certain other types of retirement plans. Historically, so-called “excess distributions” to you as well as “excess accumulations” remaining in your account as of your date of death were subject to additional taxes. These additional taxes no longer apply. Any distribution that is properly rolled over will not be includable in your gross income.

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